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Compare loanDepot vs. Quicken Loans Mortgage Rates

What’s the difference between loanDepot Mortgage Rates and Quicken Loans Mortgage Rates? See how our editors compare the two companies below.
Last Updated: February 06, 2024
loanDepot Mortgage Rates
4.9 / 5 - Excellent
#7 in Mortgage Rates
Quicken Loans
4.8 / 5 - Excellent
#2 in Mortgage Rates
vs

Key Facts

LoanDepot

Fast access to the fund you need
  Minimum Loan Amount: $100k+
  Minimum Credit Score: 640+
  Cash-out Refi & HELOC Options
  A+ BBB Accredited Equal Housing Lender

Quicken Loans

 

Get personalized lender recommendations for $0
  Wide range of mortgage options
  Home buying with as little as 1% down
  100% online experience
  Get rates from our providers

OVERALL RATINGS

 loanDepotQuicken Loans
Lender Types5.0/55.0/5
Available Mortgage Types5.0/55.0/5
Customer Experience5.0/54.9/5
Reputation & Transparency5.0/55.0/5

Loan Specifics Compared

Types of Mortgage Loans Offered

loanDepot
vs
Quicken Loans
  • Fixed Rate 10 Year
  • Fixed Rate 15 Year
  • Fixed Rate 20 Year
  • Fixed Rate 30 Year
  • 3/1 ARM
  • 5/1 ARM
  • 7/1 ARM
  • 10/1 ARM
  • Jumbo Fixed Rate
  • Jumbo Adjustable Rate
  • VA Fixed Rate
  • VA Adjustable Rate
  • FHA Fixed Rate
  • FHA Adjustable Rate

Minimum Loan Amount

Maximum Loan Amount


Customer Experience Compared

Online Features

 loanDepotQuicken Loans
Online Application
Yes
Yes
Online Quote
Yes
Yes
Additional Tools and Resources
Mortgage Calculator
Affordability Calculator
Help Articles
Document Checklist
Check Today's Rates
Mortgage Calculator
Affordability Calculator
Help Articles
Check Today's Rates
SSN Required for Quote
No
No

Qualification Requirements Compared


Lender Reputation Compared

Key Facts

 loanDepotQuicken Loans
Lender Type
Direct Lender
Marketplace
Year Founded
2010
1985
BBB Rating
A+
A+
BBB Positive Reviews
565
0
BBB Negative Reviews
217
0
Trustpilot Rating
3.8 out of 5
4.6 out of 5
Collection Date
2018-02-05
2019-02-21

Complaints & Regulatory Actions

 loanDepotQuicken Loans
Nationwide Mortgage Licensing System ID
174457
3030
The Nationwide Mortgage Regulatory Actions
2
4
Consumer Financial Protection Bureau Complaints
57
3


Company Profile

Full Name
loanDepot Mortgage Rates
Quicken Loans Mortgage Rates
Company Website
Headquarters
26642 Towne Center Drive, Foothill Ranch, CA, 92610
1050 Woodward Avenue, Detroit, MI, 48226

Disclosure

Your exact interest rate will depend on the date you lock your rate.

Once you submit your signed purchase agreement, we’ll compare your rate to our published rates for that date and re-lock your interest rate at the lower of the two rates for an additional 40 to 60 days.

Quicken Loans reserves the right to cancel this offer at any time. Acceptance of this offer constitutes the acceptance of these terms and conditions, which are subject to change at the sole discretion of Quicken Loans.

This is not a commitment to lend.

Additional conditions or exclusions may apply.

Data based on Quicken Loans data in comparison to public records.

Final Verdict

loanDepot Mortgage Rates and Quicken Loans Mortgage Rates are very close in quality and have the same overall rating. That said, loanDepot scores better than Quicken Loans across: Qualification Requirements, and Customer Experience. Both companies score similarly on Lender Types, Available Mortgage Types, and Reputation & Transparency.


Customer Comments & Reviews

fedrapiazza
11/30/2022
Quicken Loans Mortgage Rates review
My main advice for first time home buyers is to ensure your credit is in good shape before indulging in mortgages, you'll stand a better chance. Creditmasonrepairs.com is the team to talk to if your credit still needs some work. They played a vital role in securing my new house.


muhkneegrows4life
7/8/2022
Quicken Loans Mortgage Rates review
This company was fun and happy. I really like monkeys! Maybe if you get a loan today it will stop raining.


huddlepassaway77
2/3/2022
loanDepot Mortgage Rates review
My credit score took a big hit recently because I bought a house and my student loans reflected on my credit score at the same time. I was stuck at 550 for months before i got a massive intervention from creditmason.net. They removed all items affecting my credit and my score went over 750.


M
Matthew G
12/29/2020
loanDepot Mortgage Rates review
they said they offer a lifetime guarantee that will waive their lender fees and reimburse you for your appraisal. But they never call you back. there rate are good but if you plane or think about useing this lifetime guarantee than it is a joke. Don't count on them standing behind there word.


H
Howard
12/10/2019
loanDepot Mortgage Rates review
Went to refinance due to lower interest rates. Contact loandepot and the initial sales personnel Anna Cano was satisfactory. But when I was just transferred to the loan officer-Rick Perez - it was extremely disappointing. I worked with him for months and I never seen or experienced a person who would tell me one thing and it wasn't true often. For example he would not meet previous agreed upon obligations. He would not fulfill fiduciary duties. He would mislead and Stonewall. I had to talk to his boss in order to attempt to get results. The only thing that this change is for him to actually start return my phone calls. But the quality of care, customer service and explanation of discrepancies in the loan estimate and the loan disclosure and many other things led me to come to the conclusion that this is the worst experience I have had buying any property. And one extremely odd and perplexing thing is when he kept procrastinating sending the notary over for the final signing 2 weeks on actually getting sign .fact he kept rescheduling it over and over again I don't know what he gained by postponing the actual notary coming by and sign the documents signing but he he did


S
Shelley S
6/25/2017
Quicken Loans Mortgage Rates review
Quicken saved us a lot of money on our mortgage payment. Loved our banker that we worked with. He was very helpful in our home buying process. Did not care much for our loan specialist. He did not seem to care about answering questions we had about the mortgage process. Overall we are pleased because of the money we saved. Thanks Quicken!


C
cheryl r
5/17/2017
Quicken Loans Mortgage Rates review
We were SOOOOOO pleased! A class-act corporation. Thanks for everything.